Regulatory Alerts2025-03-26
A periodic book on March 26, 2025 on the extension of the period of excluding some food products from the requirements of the cash cover for a year
The Central Bank of Egypt has decided to extend the exception for rice, beans, and lentils from the 100% cash cover requirement for import operations by another year, until March 15, 2026. This decision, based on the Central Bank's monitoring of the Egyptian market's needs and its commitment to facilitating import procedures to meet citizens' demands, applies to all import operations for all companies, subject to each bank's credit assessment. Banks are requested to take the necessary actions to implement this decision.